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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
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Stree 2 Becomes The Most Profitable Film Of Bollywood, Earns ₹577 Crore Against The Cost Of Just ₹60 Crore
Stree 2 is directed by Amar Kaushik
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Didn't Pay Salary To SEBI Chief After Retirement: ICICI On Congress Claim
Madhabi Puri Buch, the chairperson of SEBI (Securities and Exchange Board of India), has not been paid any salary since her retirement, ICICI bank said today, denying Congress's "office of profit" claims.
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"Why Haven't You Resigned?" Boeing Chief's Grilling By Senate Is Viral
Boeing Co. Chief Executive Officer Dave Calhoun faced searing criticism in a Senate hearing that zeroed in on the company's manufacturing shortcomings and accused its leader of putting profit ahead of safety.
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Singapore's Biggest Bank Cuts CEO's Pay By Millions on Digital Banking Outage
DBS Group Holdings Limited's fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta's compensation got hit due to digital disruptions
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Indian-American CEO Calls For Longer Work Hours, Asks Employees To Blend Work With Life
Niraj Shah, Indian-American Chief Executive Officer (CEO) of online furniture firm Wayfair, curated a special message for his employees after the company yielded profitable results.
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Recap 2023: Looking Back At Indian Cinema's Golden YeaRRR
From Oscar wins to recording-breaking box office profits, 2023 was the year of highs for Indian cinema
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What Taxmen Say They Found At BBC Offices: 5 Points
The income tax department today said the nearly three-day "survey" at the BBC's offices in Delhi and Mumbai broadly looked into a mismatch between the income/profits of the broadcaster's group firms and their scale of operations in India.
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BBC Tax Survey: "Gloves Are Off," Says Opposition, BJP Hits Back
The searches arein view of "the BBC's deliberate non-compliance with the Transfer Pricing Rules and its vast diversion of profits of international taxation", sources said.
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Uber Earned Profits in 2022 as Demands for Airport, Office Rides Increased in Post-Pandemic World
Uber Technologies said on Wednesday it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows. The rideshare market is benefiting from a return to normal and a rise in car ownership costs, which is pushing many to opt...
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Petition Filed Against Tamil Nadu Governor Over "Office Of Profit" Claim
In its petition, the Dravidian outfit sought a court directive to Governor RN Ravi, asking him to show cause and explain how he is holding the constitutional post of Governor while being the "full-time" chairman of Auroville Foundation
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Paytm Slips 6 Percent on Questions Over CEO Reappointment, Regulatory Fears
Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...
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PayPal Shares Jump on Elliott's $2 Billion Stake, Annual Profit Guidance Raise
PayPal shares shot up by 12 percent after the company announced about Elliott’s $2 billion (roughly Rs. 15,800 crore) stake. The company also raised its annual profit guidance. In a slew of changes, Blake Jorgensen will take over the role as Paypal's new chief financial officer from Wednesday. Jorgensen was earlier working with Electronic Arts.
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Uber Rides Strong Demand, Delivery Growth to Raise Q1 Profit Forecast
Uber raised its outlook for first-quarter core profit, as its ride-hailing business was recovering faster than expected on the back of a surge in airport rides and an increase in the number of offices being reopened.
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Pune Police Officer Arrested Over Crypto Kidnap Plot
An Indian cryptocurrency trader who amassed a $40-million (roughly Rs. 299 crore) fortune was kidnapped by a police officer and seven others who demanded he transfer his Bitcoin wallet to them, authorities said Wednesday.
-
Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
-
Stree 2 Becomes The Most Profitable Film Of Bollywood, Earns ₹577 Crore Against The Cost Of Just ₹60 Crore
Stree 2 is directed by Amar Kaushik
-
Didn't Pay Salary To SEBI Chief After Retirement: ICICI On Congress Claim
Madhabi Puri Buch, the chairperson of SEBI (Securities and Exchange Board of India), has not been paid any salary since her retirement, ICICI bank said today, denying Congress's "office of profit" claims.
-
"Why Haven't You Resigned?" Boeing Chief's Grilling By Senate Is Viral
Boeing Co. Chief Executive Officer Dave Calhoun faced searing criticism in a Senate hearing that zeroed in on the company's manufacturing shortcomings and accused its leader of putting profit ahead of safety.
-
Singapore's Biggest Bank Cuts CEO's Pay By Millions on Digital Banking Outage
DBS Group Holdings Limited's fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta's compensation got hit due to digital disruptions
-
Indian-American CEO Calls For Longer Work Hours, Asks Employees To Blend Work With Life
Niraj Shah, Indian-American Chief Executive Officer (CEO) of online furniture firm Wayfair, curated a special message for his employees after the company yielded profitable results.
-
Recap 2023: Looking Back At Indian Cinema's Golden YeaRRR
From Oscar wins to recording-breaking box office profits, 2023 was the year of highs for Indian cinema
-
What Taxmen Say They Found At BBC Offices: 5 Points
The income tax department today said the nearly three-day "survey" at the BBC's offices in Delhi and Mumbai broadly looked into a mismatch between the income/profits of the broadcaster's group firms and their scale of operations in India.
-
BBC Tax Survey: "Gloves Are Off," Says Opposition, BJP Hits Back
The searches arein view of "the BBC's deliberate non-compliance with the Transfer Pricing Rules and its vast diversion of profits of international taxation", sources said.
-
Uber Earned Profits in 2022 as Demands for Airport, Office Rides Increased in Post-Pandemic World
Uber Technologies said on Wednesday it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows. The rideshare market is benefiting from a return to normal and a rise in car ownership costs, which is pushing many to opt...
-
Petition Filed Against Tamil Nadu Governor Over "Office Of Profit" Claim
In its petition, the Dravidian outfit sought a court directive to Governor RN Ravi, asking him to show cause and explain how he is holding the constitutional post of Governor while being the "full-time" chairman of Auroville Foundation
-
Paytm Slips 6 Percent on Questions Over CEO Reappointment, Regulatory Fears
Paytm shares fell 6.2 percent on Friday over questions about the reappointment of its chief executive officer and the central bank's guidelines for digital lending apps. The Institutional Investor Advisory Services has opposed the reappointment of Vijay Shekhar Sharma as CEO and managing director. Moreover, Paytm told investors that the latest guid...
-
PayPal Shares Jump on Elliott's $2 Billion Stake, Annual Profit Guidance Raise
PayPal shares shot up by 12 percent after the company announced about Elliott’s $2 billion (roughly Rs. 15,800 crore) stake. The company also raised its annual profit guidance. In a slew of changes, Blake Jorgensen will take over the role as Paypal's new chief financial officer from Wednesday. Jorgensen was earlier working with Electronic Arts.
-
Uber Rides Strong Demand, Delivery Growth to Raise Q1 Profit Forecast
Uber raised its outlook for first-quarter core profit, as its ride-hailing business was recovering faster than expected on the back of a surge in airport rides and an increase in the number of offices being reopened.
-
Pune Police Officer Arrested Over Crypto Kidnap Plot
An Indian cryptocurrency trader who amassed a $40-million (roughly Rs. 299 crore) fortune was kidnapped by a police officer and seven others who demanded he transfer his Bitcoin wallet to them, authorities said Wednesday.
